Colchester, Connecticut

P&L for Budget Committee Aug 2020

BOE Budget Committee Meeting 9:00AM

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budget FY 2020-21 BoardDocs (BOE meetings) 2020-10-08

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Colchester Public Schools
                Cafeteria Financials
                                                                                                                              Unaudited
                                         Audited        Audited     Audited    Audited      Audited     Unaudited               20‐Aug
Revenues                                FY 2014‐15    FY 2015‐16  FY2016‐17   FY 2017‐18   FY 2018‐19   FY 2019‐20            FY 2020‐21
State                                 $    35,189.00 $ 36,854.00 $ 33,955.00 $ 33,057.00 $ 32,587.00 $      31,709.00       $           ‐
Federal                                   246,487.50   225,551.27  213,522.60  210,845.09   248,626.41    221,602.55              13,783.60
Interest                                       11.22        14.07       38.83         8.03         9.40          6.39                   ‐
Food Sales Non Program                                              14,752.60     9,441.17     8,611.82      7,495.21                221.75
Food Sales Program                        421,187.13   375,726.34  369,109.60  375,612.62   368,792.88    254,370.60                  42.00
Total Revenue                         $ 702,874.85 $ 638,145.68 $ 631,378.63 $ 628,963.91 $ 658,627.51 $ 515,183.75         $    14,047.35

Expenditures
Wages,Fica,Medicare,Retirement        $   345,305.42    355,125.97  361,466.58   355,121.22   338,094.57        354,132.06       10,259.57
Employee Insurances                        97,649.10     70,518.60   72,049.90    70,668.25    64,986.10         71,128.60             ‐
Food Program                              203,921.76    193,464.77  162,873.31   144,873.85   178,223.87        143,725.94        2,107.33
Food Non Program                                                     24,816.31    26,683.83    26,719.28         18,280.03             ‐
Other Costs                                26,100.94    30,098.86    29,513.32    42,860.70    35,197.04         25,503.10          188.34
Repairs/Maint                               3,355.51    19,564.74    15,553.08    11,614.25    12,394.23          5,662.18             ‐
Equipment                                        ‐       3,204.74          ‐          23.97     1,920.00               ‐               ‐
Total Expenditures                    $   676,332.73 $ 671,977.68 $ 666,272.50 $ 651,846.07 $ 657,535.09 $      618,431.91 $     12,555.24

Net Gain (Loss)                       $    26,542.12 $ (33,832.00) $ (34,893.87) $ (22,882.16) $  1,092.42 $    (103,248.16) $    1,492.11
BOE Funding                           $          ‐               0             0 $        ‐    $       ‐    $    139,260.26 $          ‐
Fund Balance, Beginning               $    43,461.39 $ 70,003.51 $ 36,171.51 $       1,277.64 $ (21,604.52) $    (20,512.10) $   15,500.00
Fund Balance, Ending                  $    70,003.51 $ 36,171.51 $ 1,277.64 $ (21,604.52) $ (20,512.10) $         15,500.00 $    16,992.11



*Free/Reduced Federal reimbursement for July 2020/August 2020 submitted for reimbursement, not yet received.